H M Government’s launch of the Help to Buy ISA on 1st December 2015, has given many potential First Time Buyers the opportunity to save up to £12,000 and to then benefit from a 25% boost from the Government.
In order to benefit from the maximum bonus of £3,000, individuals will have to save for approximately four and a half years.
The Help to Buy ISA is available to individuals over the age of 16, a time where they are unlikely to be able to afford to save a lump sum of £1,000 and then £200 per month.
If you want to help their prospects of buying a property before they start earning themselves, then why not open a Help to buy ISA for them?
For further information contact John MacLean our Client Relationship Manager on 0131-622-9222
For further details on eligibility and FAQs as well as Banks and Building Societies that are participating in the Help to Buy ISA market, visit;
https://www.helptobuy.gov.uk/help-to-buy-isa/who-is-eligible/